Latest news with #TierPoint
Daily Mirror
a day ago
- Business
- Daily Mirror
Major American Express update impacting British Airways customers
It was announced yesterday that only British Airways Premium Plus American Express cardholders — not those using the free British Airways American Express card — can now earn up to 2,500 tier points per year when using their card for everyday spending A major update on British Airways' tier points scheme has been announced. Following the airline's recent overhaul of its loyalty scheme, British Airways and American Express customers have been eager to find out how many tier points they can now earn with the British Airways Premium Plus Amex card. It was announced yesterday that only British Airways Premium Plus American Express cardholders — not those using the free British Airways American Express card — can now earn up to 2,500 tier points per year when using their card for everyday spending. The number of tier points you earn annually determines your membership level: blue, bronze, silver, or gold. Everyone starts at bronze, and can progress through the tiers based on how much they spend. Higher-tier statuses unlock perks such as complimentary seat selection, priority check-in, additional baggage allowance, and access to British Airways' airport lounges. Here's how many Tier Points are required for each level: Bronze – 3,500 Tier Points Silver – 7,500 Tier Points Gold – 20,000 Tier Points To reach silver, you could spend £5,000 on British Airways flights and holiday packages — each pound spent earns one tier point. The rest of the required points could be earned through spending on the British Airways Premium Plus Amex card, if you have one. Here's how the new tier point earning system works for cardholders: 750 tier P=points are awarded when you spend £15,000 after enrolling in the offer. An additional 750 tier points are awarded after spending a further £5,000 (total: £20,000). A final 1,000 tier points are awarded after spending another £5,000 (total: £25,000). This brings the maximum total to 2,500 tier points earned via everyday spending. If this sounds confusing, there's more: the tier points system is separate from Avios points. Tier points determine your membership level and associated airport perks. Avios points, on the other hand, are used to claim rewards such as free flights. Travellers flying with British Airways or its Oneworld partners earn Avios to use toward future flights. Amex cardholders have long earned Avios on their spending. However, prior to the changes in April, cardholders could not earn tier points through everyday spending. Here's how Avios earning works: The free British Airways American Express card earns 1 Avios per £1 spent. The Premium Plus card earns 1.5 Avios per £1 spent, but has a £300 annual fee. It's important to note that the 2,500 tier point offer is not available to holders of the fee-free British Airways Amex Card. If you do have the British Airways Premium Plus American Express card, make sure to enroll in the Tier Point scheme through the American Express app or website to begin collecting points.
Yahoo
30-04-2025
- Business
- Yahoo
Argo Infrastructure Partners Strengthens Portfolio Companies with ~US$2 Billion in Multiple Strategic Financing Transactions
NEW YORK & LONDON, April 30, 2025--(BUSINESS WIRE)--Argo Infrastructure Partners ("Argo"), founded by Jason Zibarras, is a leading mid-market asset manager targeting essential infrastructure assets in North America, today announced a recap of a series of strategic financings across its portfolio. Across its entire portfolio of 18 high-quality infrastructure companies and projects, Argo seeks to secure appropriate financing through its extensive institutional relationships to improve liquidity, lower cost of capital and further strengthen portfolio company balance sheets to support investment and growth initiatives. Over the last 12 months Argo has demonstrated its ability to support its portfolio companies by raising debt financing across a broad range of markets, structures and asset classes at favorable rates and terms. Through these transactions, Argo has facilitated, arranged and supported approx. US $2 billion in aggregate financing for its portfolio companies, which include regulated utilities, renewable power assets, and digital infrastructure. Argo also guided its companies through their inaugural credit ratings process and obtained investment grade ratings for their long term debt issuance. The financing structures included bridge loans, asset-backed securities (ABS) and long-term notes. "We view prudent debt capital and restructuring as a key lever in unlocking long-term value. By securing capital structures and sources aligned with each portfolio company's operating profile, it improves financial flexibility," said Jason Zibarras, founder of Argo Infrastructure Partners. "Our platform-wide financing efforts have reduced volatility and enabled our portfolio companies to unlock and pursue organic and step growth opportunities." "Argo's ability to source and structure bespoke financing solutions is a powerful differentiator for our portfolio companies," said Andrew Zaroulis, Managing Director at Argo. "By leveraging our deep lender relationships, capital markets and infrastructure expertise, we're able to unlock access to lower cost capital that wouldn't otherwise be available." Select Argo Portfolio Company Financings Q2 24 - $550m - TierPoint - First "tap" issuance on TierPoint's ABS financing Q3 24 - $120m - Corning Energy - Refinanced the company's legacy amortizing bank debt into non-amortizing fixed rate notes (eliminating interest rate volatility for the company and, ultimately, its ratepayers), plus a sizeable revolving credit facility (providing liquidity for necessary capital investments in the regulated utility asset base) Q3 24 - ~$250m – Hawaii Gas – Full company refinancing through a hybrid bank and bond structure. Argo guided the company through its inaugural credit rating process and obtained investment grade credit ratings for the utility company's long-term notes issuance. Q4 24 - ~$300m - Smoky Mountain Hydro In partnership with Brookfield (50/50 co-shareholder), the portfolio completed an up-size debt financing supported by an extended 10-year off-take agreement with regional utility Tennessee Valley Authority, which was signed in 2024. Q2 25 - $500m - TierPoint - Incremental ABS issuance by TierPoint at advantageous pricing to provide additional liquidity for the company's growth initiatives. Q2 25 - >$200m - LAZ Parking - Refinancing to support the company's active add-on acquisition strategy. Including recently announced FleetLogix - Argo Infrastructure Partners Argo Infrastructure Partners LP, founded by Jason Zibarras, is an independent fund manager with a long-term approach to infrastructure investing. Argo invests in high-quality infrastructure businesses and assets that provide essential services to their communities over their long operational lives, including investments in utilities, renewable energy, digital infrastructure, and other long duration infrastructure assets. Argo's investment philosophy couples sound investment return with responsible and sustainable investing. As of December 2024, Argo manages over $6 billion in assets on behalf of its investor partners. For more information, visit View source version on Contacts Media Ira GorskyEdelman Sign in to access your portfolio
Business Wire
30-04-2025
- Business
- Business Wire
Argo Infrastructure Partners Strengthens Portfolio Companies with ~US$2 Billion in Multiple Strategic Financing Transactions
NEW YORK & LONDON--(BUSINESS WIRE)--Argo Infrastructure Partners ('Argo'), founded by Jason Zibarras, is a leading mid-market asset manager targeting essential infrastructure assets in North America, today announced a recap of a series of strategic financings across its portfolio. Across its entire portfolio of 18 high-quality infrastructure companies and projects, Argo seeks to secure appropriate financing through its extensive institutional relationships to improve liquidity, lower cost of capital and further strengthen portfolio company balance sheets to support investment and growth initiatives. Over the last 12 months Argo has demonstrated its ability to support its portfolio companies by raising debt financing across a broad range of markets, structures and asset classes at favorable rates and terms. Through these transactions, Argo has facilitated, arranged and supported approx. US $2 billion in aggregate financing for its portfolio companies, which include regulated utilities, renewable power assets, and digital infrastructure. Argo also guided its companies through their inaugural credit ratings process and obtained investment grade ratings for their long term debt issuance. The financing structures included bridge loans, asset-backed securities (ABS) and long-term notes. 'We view prudent debt capital and restructuring as a key lever in unlocking long-term value. By securing capital structures and sources aligned with each portfolio company's operating profile, it improves financial flexibility,' said Jason Zibarras, founder of Argo Infrastructure Partners. 'Our platform-wide financing efforts have reduced volatility and enabled our portfolio companies to unlock and pursue organic and step growth opportunities.' 'Argo's ability to source and structure bespoke financing solutions is a powerful differentiator for our portfolio companies,' said Andrew Zaroulis, Managing Director at Argo. 'By leveraging our deep lender relationships, capital markets and infrastructure expertise, we're able to unlock access to lower cost capital that wouldn't otherwise be available.' Select Argo Portfolio Company Financings Q2 24 - $550m - TierPoint - First 'tap' issuance on TierPoint's ABS financing Q3 24 - $120m - Corning Energy - Refinanced the company's legacy amortizing bank debt into non-amortizing fixed rate notes (eliminating interest rate volatility for the company and, ultimately, its ratepayers), plus a sizeable revolving credit facility (providing liquidity for necessary capital investments in the regulated utility asset base) Q3 24 - ~$250m – Hawaii Gas – Full company refinancing through a hybrid bank and bond structure. Argo guided the company through its inaugural credit rating process and obtained investment grade credit ratings for the utility company's long-term notes issuance. Q4 24 - ~$300m - Smoky Mountain Hydro In partnership with Brookfield (50/50 co-shareholder), the portfolio completed an up-size debt financing supported by an extended 10-year off-take agreement with regional utility Tennessee Valley Authority, which was signed in 2024. Q2 25 - $500m - TierPoint - Incremental ABS issuance by TierPoint at advantageous pricing to provide additional liquidity for the company's growth initiatives. Q2 25 - >$200m - LAZ Parking - Argo Infrastructure Partners Argo Infrastructure Partners LP, founded by Jason Zibarras, is an independent fund manager with a long-term approach to infrastructure investing. Argo invests in high-quality infrastructure businesses and assets that provide essential services to their communities over their long operational lives, including investments in utilities, renewable energy, digital infrastructure, and other long duration infrastructure assets. Argo's investment philosophy couples sound investment return with responsible and sustainable investing. As of December 2024, Argo manages over $6 billion in assets on behalf of its investor partners. For more information, visit
